Middle Neck News

VA September Home Sales Numbers

According to the September 2023 Virginia Home Sales Report released by Virginia REALTORS, there were 8,023 homes sold across the Commonwealth last month. This is 2,149 fewer sales than last year, a drop of just over 21%. This is the slowest September market Virginia has had in more than a decade. Interest rates continued to climb in September and the inventory became tighter, both of which subdued sales activity. In total, there were 18,188 active listings throughout Virginia at the end of September, 1,605 fewer than a year ago, an 8.1% decrease. However, while much of the Commonwealth is seeing an inventory drop, there are markets experiencing growt

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